Which of the following is not true of branding?
- A. Facilitates identification of goods
- B. Leads to increased sales and deeper loyalty
- C. Makes market segmentation easier
- D. Encourages pilfering
- E. Facilitates advertising
The difference between the total amount owed to a country and the total amount owed by it is
- A. trade surplus
- B. terms of trade
- C. trade gap
- D. balance of trade
- E. balance of payments
The difference between the total amount owed to a country and the total amount owed by it is
- A. trade surplus
- B. terms of trade
- C. trade gap
- D. balance of trade
- E. balance of payments
Which of the following are true of a bill of lading? i. it is a means of payment in foreign trade. ii. it is document of title to goods. iii. it is a contract of carriage. iv. it is usually drawn in triplicate.
- A. i and iii only
- B. i, ii and iii only
- C. ii and iii only
- D. ii and iv only
- E. ii, iii and iv only
Which of the following are true of a bill of lading? i. it is a means of payment in foreign trade. ii. it is document of title to goods. iii. it is a contract of carriage. iv. it is usually drawn in triplicate.
- A. i and iii only
- B. i, ii and iii only
- C. ii and iii only
- D. ii and iv only
- E. ii, iii and iv only
The major disadvantage of pipeline transportation is that it
- A. does not involve toomuch labour
- B. reduces road congestion
- C. is fast
- D. is not easy to detect damages
- E. is not affected by weather
The major disadvantage of pipeline transportation is that it
- A. does not involve toomuch labour
- B. reduces road congestion
- C. is fast
- D. is not easy to detect damages
- E. is not affected by weather
Which of the following covers damages to the body of a ship and its machinery?
- A. Freight insurance
- B. Cargo insurance
- C. General average insurance
- D. Voyage policy
- E. Hull insurance
Which of the following is true of a merger?
- A. Original names of the companies are retained
- B. Expansion is restricted
- C. All debts are written off
- D. The company formed aquires a new name
- E. All workers are paid bonuses
A company which acquires more than 50% voting shares of another company is called?
- A. a trust
- B. a cartel
- C. an amalgamation
- D. a consortium
- E. a holding company
A company which acquires more than 50% voting shares of another company is called?
- A. a trust
- B. a cartel
- C. an amalgamation
- D. a consortium
- E. a holding company
Which of the following is usually sent to prospective buyer when the seller expects payment of the goods dispatched?
- A. Pro-forma invoice
- B. Advice note
- C. Consignment note
- D. Statement of account
- E. Delivery note
Which of the following is usually sent to prospective buyer when the seller expects payment of the goods dispatched?
- A. Pro-forma invoice
- B. Advice note
- C. Consignment note
- D. Statement of account
- E. Delivery note
Which of the following indicates special crossing on a check? Two parallell lines with
- A. "& Co" and "not negotiable"
- B. the abbreviation "& Co" only
- C. "account payee" only
- D. the name of a particular bank
- E. "not negotiable" only
Which of the following is not a function of the Nigerian Ports Authority?
- A. Checking smuggling activities
- B. Handling of goods
- C. Collection of harbour dues
- D. Decongestion of ports
- E. Provision of warehouse facilities
Which of the following makes it possible for people to collect their letters at their convenient time ?
- A. Franking
- B. Record Delivery
- C. Post Office Box
- D. Business Reply Service
- E. Telex service
The document stating the particular country from which goods are imported is called
- A. certificate of origin
- B. export invoice
- C. consular invoice
- D. export licence
- E. letter of hypothecation
Which of the following is responsible for the maintenance of the quality of goods produced
- A. Customs and Exercise Department
- B. Sanitary Inspectors
- C. Standards Organization of Nigeria
- D. Federal Environmental Protection Agency
- E. Manufacturers Association of Nigeria
Which of the following is responsible for the maintenance of the quality of goods produced
- A. Customs and Exercise Department
- B. Sanitary Inspectors
- C. Standards Organization of Nigeria
- D. Federal Environmental Protection Agency
- E. Manufacturers Association of Nigeria
A design which distinguishes the goods of one producer from those of others is called
- A. patent-right
- B. copyright
- C. trade mark
- D. licence
- E. franchise
The law stipulating that labels should contain full details about a product is known as the
- A. Hire-purchase Act
- B. Price Control Act
- C. Standards Organisation of Nigeria Act
- D. Trade description Act
- E. Sale of Goods Act